Apple's dominance in China is over, UBS says

Apple is facing increased competition in China's smartphone market, UBS analyst Steven Milunovich wrote in a note to clients.
Apple's presence in the high-end slice of the market is diminishing.
The broader Chinese smartphone market is slowing down too.
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Apple is hitting a wall in China, UBS analyst Steven Milunovich wrote in note to clients.
The iPhone maker's presence in China peaked in 2015, and it has been downhill from there. "In 2015 the move to 4G and the new iPhone 6/6 Plus form factors drove significant growth for Apple at the expense of...Read more ...

IPhone sales peaked in China in 2015 - and a comeback is 'doubtful,' says UBS

China is Apple's second biggest market after North America.
But Apple's Chinese iPhone sales peaked in 2015.
New research from UBS suggests a comeback is "doubtful."
Apple CEO Tim Cook frequently says he's " bullish " on China, but one analyst now says it's "doubtful" that Apple can make a comeback on the mainland.
iPhone sales peaked in China in 2015, powered by a "super cycle" partially driven by the increased screen sizes on the iPhone 6 and iPhone 6 Plus.
But they've been down since then, UBS analyst Steven Milunovich wrote in a note on Monday. "With Hong Kong shrunk and mainland China...Read more ...